euro. what unites. what divides. us. what binds the continent together. answers and stories aplenty. spotlight on people. focus on europe on t w. a record year for global markets draws to a close trade war didn't stop investors and neither did a slowdown in the world economy look at what's behind a bull market charging in the 2020. also on the show a dramatic twist in the case of jailed auto executive carlos ghosn the former nissan to know chairman has fled house arrest in japan. and kenya has too much

teeth a better harvest has driven prices down leaving growers scrambling to find alternatives . this is your business your business report i'm stephen beers in berlin it's good to have you with us u.s. president donald trump took to twitter on tuesday to say he'll sign a phase one trade deal with china on january 15th the trump tweeted that the deal will be signed in a ceremony at the white house was with high level chinese representatives the deal was concluded earlier this month but many of its details have been slow to emerge including assigning dates trump went on to say that he will go to beijing at a later date or face to talks with again. the u.s. china trade conflict couldn't do it slowing road economy couldn't do it slowing the global bull market proved almost impossible in 2019 putting indexes at record level by year's end the dow jones industrial average pictured here there it is rose 24 percent of. the course of 2019 the biggest setbacks for the dow are in may after

president trump slapped tariffs on mexican imports and again in july after federal reserve chairman jerome powell dampened hopes for further rate cuts this year and the dow wasn't alone its record turn that's and p. 500 was up 29 percent one of its best years ever the stock's europe 600 nikkei 225 key indices for europe and asia were also up big time and let's go to our financial correspondent in new york the ends korda yens good to see you on this last program i guess before 2020 a year of supro tips for markets why have global markets been surging so much this year despite a world economy that's often been struggling at a time. and who would have guessed last year around the same time december of 2018 if i remember correctly was the worst december since 1931 and now we are surpassing one record after another well i guess what does

help is that the u.s. economy all decade long by the way could avoid a recession that is unheard of but then also money got even a bit cheaper in the past couple of months with 3 interest rate cuts that was also not to be expected this time last year but then there's also a bit of a lack of alternatives bonds are not really attractive at this level and it's not just the stocks on the rise but it's also gold oil stocks so wherever you look we see this turn to the upside there's not a great year furia here on wall street as experience it for example at the end of the ninety's but as i said cheap money and the lack of. those are some mixtures that are that got the market going in the past couple of months. this trade deal

signing appears to be in the offing can investors put trade concerns behind them in 2020 briefly if you can. well as if you already mentioned now phase 2 of the trade talks will start and those could be a much tougher than the ones that we probably will finish in a couple of days and then also we don't know if there might be a new trade tensions between the european union and the u.s. but as we've seen in the past couple of months even if we had all those headline headlines with a lot of tension with the trade talks wall street always almost kept its cool but we also shouldn't forget to 2020 will be an election year so that also could spook the market the one way or the other or right in court in new york. the saga of carlos go on the auto executive turned jail inmate has taken quite a new twist the former nissan renaud chairman has fled japan where he faced trial

on charges of underreporting his income and financial misconduct go landed in beirut on monday sparking consternation in japan and cheers in lebannon guns that he wasn't fleeing justice but escaping in justice this is the house in beirut where carlos cone is believed to have fled but there is no sign of him and the security guards outside say he's not here but a neighbor is shown up wanting to welcome him to lebanon with a card. many lebanese feel the former neeson c.e.o.s. a successful businessman and is a symbol of their country's large diaspora but in tokyo the unexpected turn of events has sparked outrage. from like him i think he fled because he did something wrong. but whoever escapes wins you know i and 1000000 people with money. go as main lawyer says he heard about his client's flight via media his entire

defense team has lost face in japan as they repeatedly said there was no risk that gold would run away. with a home on the we were going completely by surprise i'm dumbfounded personally i don't yet even know how to make contact with him. sort of like. i'm going to skate to lebanon is the latest stunning twist in a roller coaster journey that saw him fall from boardroom to detention center. here he spent more than 100 days in spartan conditions far removed from his sometimes extravagant lifestyle. the automotive tycoon stands accused of underreporting is salary to the tune of $85000000.00 prosecutors also allege he skimmed off millions of dollars from the company for his personal use. go on has repeatedly denied all accusations in a statement the 65 year old said the japanese justice system was quote righ and

that he escaped injustice japan does not have an extradition treaty with lebanon so it's unclear what steps tokyo might take next. and earlier we asked michael pen president of the shin gets you news agency in tokyo exactly what go mince when he accused japan of having a rig justice system well actually a lot of people agree with that outside of the japanese justice system it's been criticised by international organisations and many others so for example in goans case you know when he was accused from that the very 1st moment he learned about it he had arrived in the country on a plane and prosecutors immediately took him into custody and they subjected him to about 4 months of. interrogation where he wasn't able to speak to the media he wasn't able to talk give his own side when the interrogators interrogate him

there's no lawyer present you know there's many profound. questionable elements to the japanese justice system where essentially once you're caught up in it you're almost certain to be found guilty especially if you are indicted as he was and and once you're indicted the statistics speak for themselves you have a 99 percent chance of being found guilty and that's what gold was facing and that's what he's speaking about when he said it was a presumption of guilt and a system of injustice. turkish airlines says it has received compensation from a u.s. plane manufacturer boeing for losses incurred during the grounding of its 737 max aircraft like all airlines turkish was unable to fly its 12737 maxes after 2 crashes involving the aircraft killed hundreds of people compensation totalling $225000000.00 according to media reports also covers the failed deliveries of $737.00 max is ordered by turkish for 2019. chinese

telecoms giant huawei says survival remains its top priority after a projected 21944 casts due to those u.s. sanctions chairman eric shoes said while weighs sales revenue 421000 was likely to reach $121000000000.00 that's up around 18 percent but it's below a forecast of $125000000000.00 while weight has been effectively banned by the u.s. from working with american firms on the grounds that it poses a national security threat to charge the chinese company denies. moscow and he have signed a 5 year agreement on the transit of russian gas to europe via ukraine after months of difficult talks currently some 18 percent of the annual natural gas consumption comes from russia being ukraine it's expected that russia's state owned producer gas problem will transmit the transit rather at least 65000000000 cubic meters of natural gas across the country next year i think you have more than $7000000000.00

in transit fees major source of income for ukraine. over after now where kenyan tea prices dropped at one point this year by over 30 percent that's the lowest level in 5 years and it's mostly down to oversupply and weakening demand in key export markets but how t. farmers in kenya are experimenting with other varieties and more traditional production methods anything to find new markets. most of the tea produced in kenya looks like this it's called crush tear curl because the long leaves are broken down into tiny grains which are most suited to teabags the product is critical to kenya's economy tea is a top source of foreign exchange and according to the kenya tea development agency one out of every 10 kenyans depend upon tea for a living. but farmers now produce way more than their key customers like britain demand so they're scrambling to come up with other varieties which are more

appealing to tea drinkers in other markets and we all know trying to diversify to offer ducks teas the type that suzanne cup produces now that both of those went to new markets such as the you know russia and those other. still these orthodox teas are a big challenge for most kenyan producers who have become world leaders in black tea exports and experts in the crushed hair curl process so far only a handful of companies are making the transition to hold the production in kenya but it allows farmers to produce custom teas with more subtle tasting coloring and that brings higher prices. and that's it for me and the business team to check us out online a deal dot com slash business i'm stephen there's a berlin thanks for watching and happening you.

wait a 2nd. we want the whole picture affects those that. make idea shift deliver us. from a measure to reality to cryptocurrency to your top picks for live in an ever changing digital world let's talk to devise

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from my going to the backyard. for. a movie how do. you believe it is the. starting to. shift special this time developing and testing autonomous camera drones. e.u. financed multi drone project is ready for takeoff near the spanish city of seville will these 3 drones accomplish their mission completely on a date. will this 3 year project have a successful outcome. each of the

drones developed for this project has a precisely defined flight path. the camera movements to were programmed in advance . the drones are designed to work fully autonomous lee. far means advantage that you can fly with the drones precisely and the drones do exactly what you want for example we have a big sporting event in case we have more than one drone they have more to draw on it is really difficult to rip the choreography precisely so it is necessary. so we can repeat a scenario. look back a few weeks when project partners from industry research in the media met at a country estate in northern germany. scientists and specialists from 8 european countries collaborated on the project now for the firm.